If a company's got growth, a great yield or is mostly domestic, the Fed has sent it an invitation to the market's rally, Cramer said.

NEW YORK ( TheStreet) -- What makes for a winning stock in today's market? Jim Cramer told his "Mad Money" TV show viewers Tuesday that he's figured out the winning formula.

While the professional money managers are fretting over when the Federal Reserve will stop its bond buying and thus "take away the punch bowl" just as the market's rally is gaining steam, the Fed's "special sauce" is making bonds, bank CDs and Treasuries unpalatable, Cramer said. Thus, stocks with big yields including Clorox ( CLX), Kimberly-Clark ( KMB) and General Mills ( GIS) are getting a big boost.

Other household names are also part of the formula, said Cramer, with Procter & Gamble ( PG), Colgate ( CL) and Kellogg ( K) up big for the year.

Even the HMOs are joining the party, said Cramer, with Humana ( HUM) and UnitedHealth Group ( UNH) seeing strong rallies in today's trading.

Which stocks were not invited to the party? Cramer said materials companies in copper, coal and oil are not part of the mix, nor are tech stocks that rely on Europe and a return of the PC to prosper. Even Apple ( AAPL), a stock Cramer owns for his charitable trust, Action Alerts PLUS , needs to sit this party out, he said.

In a nutshell, Cramer said if a company's got growth, a great yield or is mostly domestic, the Fed has sent it an invitation to the market's rally.

Executive Decision: David Steiner

In the "Executive Decision" segment, Cramer once again spoke with David Steiner, president and CEO of Waste Management ( WM), another Action Alerts PLUS holding, the country's largest disposal company and one with a 3.7% dividend yield and a $500 million stock buyback program.

Steiner explained that the boom in the housing market will become a boon for Waste Management because more home construction generates more waste and eventually those new homes become residential customers. That, in turn, drives commercial development further down the line, which also generates more customers for Waste Management. He said cleanup from Hurricane Sandy along the east coast will add to the bottom line.

When asked about the possibility of converting his company into a REIT, Steiner said his company is always looking for ways to make more money for its shareholders. He said while Waste Management will not be leading in this area, it continues to look at whether REITs or MLPs offer shareholders more advantages.